Inflation expectations among Eurozone consumers fell from 3.5% in November to 3.2% in December for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.
Median rate of perceived inflation over the previous 12 months was 6.9% (previously 7.6%).
Consumer expectations for nominal income growth seen at 1.2% (unchanged).
Expectations for nominal spending growth over the next 12 months seen at 3.6% (unchanged).
At the press time, EUR/USD is holding steady near 1.0740 amid dovish ECB-speak and falling inflation expectations.